UTC+8 ( BJT)

CONF: Chinese passenger car sales to grow in H2

ABSTRACT

Sales of conventional internal-combustion engine passenger cars in China during the current July-December half may enjoy some recovery in growth, now that the shortage of auto chips is showing signs of easing, Cui Shudong, secretary general of China Passenger Car Association (CPCA), forecast at the China Automobile New Consumption e-Forum on August 20. At the same time, sales of NEV passenger cars will also have the opportunity to grow further this half, even though sales are already relatively high, he told delegates.
Compared with those of commercial vehicles, domestic sales of passenger cars during 2017-2020 had struggled because of the cyclical nature of vehicle renewal among consumers, Cui noted. But beginning this year, passenger car sales have regained momentum and have been leading the growth in vehicle sales, he noted. Over January-July, China’s

............

To read the full article take a free 7-day trial to Mysteel Global

FREE TRIAL
+65 6653 8227